Chedraui: 1Q'24 Results

Reuters
KFC Malaysia temporarily shutters outlets citing challenging economy
KFC Malaysia has temporarily closed outlets in the country, citing challenging economic conditions, after local media reported that the closings were because of boycotts over the fast food chain's perceived links to Israel. Malaysia, a majority-Muslim country, is a staunch supporter of the Palestinians, and some Western fast-food brands in the country, as in some other Muslim nations, have been targeted by boycott campaigns over Israel's military offensive in Gaza. QSR Brands (M) Holdings Bhd, which operates KFC and Pizza Hut franchises in Malaysia, said it temporarily closed KFC outlets "in response to challenging economic conditions".
20 hours ago
Reuters Videos
Elon Musk lays off Tesla execs, plans more cuts
STORY: Elon Musk looks to be doing more layoffs at Tesla. Reports by The Information on Tuesday (April 30) say he’s fired two top executives, and plans to get rid of hundreds more workers. Musk is said to be frustrated by falling sales, and the pace of earlier job cuts. The story quotes an email said to be from Musk. In it he says, “these actions are making it clear that we need to be absolutely hard core about headcount”. In an apparent warning to managers, he says “while some on exec staff are taking this seriously, most are not yet doing so”. There was no immediate response to a Reuters request for comment. It all follows a move earlier this month to shed some 10% of the company’s workforce. Tesla is grappling with falling sales and an intensifying price war which it started. Reporting earnings last week, it said all that led to its first quarterly drop in revenue since 2020. Musk this weekend made a surprise visit to China, the epicenter of the price battle. There he made progress on rolling out the brand’s advanced driver assistance features in the country. However, Tesla faces fierce competition from local makers like BYD in what is now the world’s biggest car market.
11 hours ago
Euronews
Dreaming of a flight upgrade? Here are Europe’s most affordable business class ticket options
New research shows that four European airlines offer the most affordable business class flights compared to the cost of economy tickets.
2 days ago
Reuters
Microsoft to invest $1.7 billion in cloud, AI in Indonesia, CEO says
JAKARTA (Reuters) -Microsoft will invest $1.7 billion over the next four years into expanding cloud services and artificial intelligence in Indonesia, including building data centres, visiting chief executive Satya Nadella said on Tuesday. Jakarta is Nadella's first stop on a trip to Southeast Asian countries aimed at promoting the U.S. company's generative AI technology. Microsoft's investment will "bring the latest and greatest AI infrastructure to Indonesia," Nadella said.
18 hours ago
CNN Business
Elon Musk wins official praise for Tesla during surprise visit to China
Elon Musk paid a surprise visit to China at the weekend as he bids to shore up Tesla sales and introduce the carmaker’s self-driving technology in its second biggest market in the face of ferocious competition.
2 days ago
Reuters
Hyundai Motor Group plans hybrid cars for India in strategy shift, sources say
SEOUL/NEW DELHI (Reuters) -Hyundai Motor Group plans to launch its first hybrid cars in India as early as 2026, three sources said, as the South Korean auto group shifts strategy to look beyond electric vehicles and boosts its presence in a key market. The group, housing Hyundai Motor and Kia Corp, is evaluating a hybrid sport-utility vehicle of size similar to its top-selling, mid-sized Creta SUV in India, said two of the sources, who have direct knowledge of the plans. Both Hyundai, which is India's second-largest carmaker, and Kia are targeting the launch of hybrid SUVs in 2026 or 2027, the two sources said, adding that their EV plans for India were also on track.
14 hours ago
Yahoo Finance
Tesla stock surges on 'watershed' full self-driving approval in China
Tesla stock soared at the open on Monday following reports CEO Elon Musk won Chinese approval to deploy the automaker’s Full Self-Driving (FSD) autonomous software on the mainland.
a day ago
Reuters
Italy and France sign letter of intent to boost European defence industry
Italy and France on Monday signed a letter of intent to create a joint industrial hub for ground defence involving companies from both countries, an Italian defence ministry statement said, looking to boost the European defence industry. The announcement came after a meeting in the Mediterranean island of Corsica between defence ministers Guido Crosetto and Sebastien Lecornu, who also discussed the situations in the Middle East and Ukraine. "It is crucial to bring together all the best European technologies and to make ever-stronger hubs, because we will need significant investment to keep up with technological evolution," Crosetto said.
a day ago
CNN Business
Rolls-Royce is growing its factory so it can build its ‘bespoke’ cars more slowly
Rolls-Royce is vastly expanding its factory in Chichester, UK. The BMW subsidiary is adding five new buildings with construction planned to start next year.
a day ago
Reuters
RPT-Foreign automakers eager for Chinese partners at Beijing auto show
Global automakers including Volkswagen and Toyota came to this year's Beijing auto show looking to catch up to surging China EV makers that are dominating the world's largest auto market. The show that started this week showcased a marked shift in attitude among some foreign automakers, industry executives said. After being impressed by the bold leaps made by BYD and other Chinese automakers at last year's event in Shanghai, foreign automakers are now avidly searching for Chinese partners and announcing new tie-ups, the executives said.
2 days ago
Futurism
You Haven't Lived Until You've Seen This Alligator Clumsily Try to Climb Over a Fence
See You Later A particularly head-strong alligator had a hell of a time climbing a fence, as seen in a video making its rounds on Reddit. "As scary as they can be, alligators just don’t look as threatening when climbing a fence," the video's title posted to the AnimalsBeingDerps subreddit reads. The footage is just […]
23 hours ago
The Independent
Putin puts captured British armoured cars and American tanks on display after they were captured in Ukraine
Display in Moscow features British Saxon armoured personnel carrier, US Bradley tank and Swedish CV90
14 hours ago
INSIDER
China is gunning for the chief scientist of its COVID vaccine project, accusing him of 'serious discipline and law violations'
Yang Xiaoming was kicked from the National People's Congress earlier this month. He was in charge of the team that created the Sinopharm vaccine.
2 days ago
The Telegraph
Boarding school girl ran away after being found with alcohol, before taking own life
A private school girl ran awa when she was scheduled to perform a concert at Eton College, weeks before she was found dead, an inquest has heard.
a day ago
The Independent
Three women infected with HIV after getting ‘vampire facials’, CDC reports
The procedure, which rejuvinates skin and improves the appearance of wrinkles, gained popularity after Kim Kardashian got a vampire facial during an episode of Kim and Kourtney Take Miami
2 days ago
Cosmopolitan
Prince William and Kate Middleton Feel "Betrayed" by Prince Harry, "Don't Speak" to Him, and Won't See Him
Prince Harry is about to visit the UK and here's why Prince William and Kate Middleton have zero intention of seeing him.
11 hours ago
Twentytwo13
Lawyer says PM should not be too hasty as calls to sue over Johor casino article mount
Senior lawyer Datuk Seri Jahaberdeen Mohamed Yunoos insists that Prime Minister Datuk Seri Anwar Ibrahim should not be too quick to take legal action, as criticism is common in politics. This comes following pressure by certain quarters calling for Anwar to sue Bloomberg over its ‘Johor casino’ article. The post Lawyer says PM should not be too hasty as calls to sue over Johor casino article mount appeared first on Twentytwo13.
14 hours ago
BBC
Charlotte shooting: Four officers shot dead, four wounded, in North Carolina home siege
A suspect is also dead and two women face questions over one of the deadliest attacks on law enforcement for years.
7 hours ago
The Telegraph
Watch: China attacks Filipino ship with our reporter on board – here’s what happened next
Nicola Smith, The Telegraph’s Asia Correspondent, was aboard a Philippine coast guard ship accompanying fishermen near the disputed Scarborough Shoal in the South China Sea on Tuesday when her vessel was attacked by the China coast guard
9 hours ago
The Guardian
Cash is king — for now: China signals it will slow transition to cashless society
With tourists struggling to access the two primary digital payment apps, Alipay and WeChat pay, Beijing has put measures in place to make cash payments easier
2 days ago

Antonio Chedraui Eguía	CEO, Grupo Comercial Chedraui
Carlos Smith Mathas	CEO, Chedraui USA
Humberto Tafolla Núñez	CFO, Grupo Comercial Chedraui
Arturo Velázquez Díaz	IRO

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Chedraui: 1Q'24 Results

Latest stories

KFC Malaysia temporarily shutters outlets citing challenging economy

Elon Musk lays off Tesla execs, plans more cuts

Dreaming of a flight upgrade? Here are Europe’s most affordable business class ticket options

Microsoft to invest $1.7 billion in cloud, AI in Indonesia, CEO says

Elon Musk wins official praise for Tesla during surprise visit to China

Hyundai Motor Group plans hybrid cars for India in strategy shift, sources say

Tesla stock surges on 'watershed' full self-driving approval in China

Italy and France sign letter of intent to boost European defence industry

Rolls-Royce is growing its factory so it can build its ‘bespoke’ cars more slowly

RPT-Foreign automakers eager for Chinese partners at Beijing auto show

You Haven't Lived Until You've Seen This Alligator Clumsily Try to Climb Over a Fence

Putin puts captured British armoured cars and American tanks on display after they were captured in Ukraine

China is gunning for the chief scientist of its COVID vaccine project, accusing him of 'serious discipline and law violations'

Boarding school girl ran away after being found with alcohol, before taking own life

Three women infected with HIV after getting ‘vampire facials’, CDC reports

Prince William and Kate Middleton Feel "Betrayed" by Prince Harry, "Don't Speak" to Him, and Won't See Him

Lawyer says PM should not be too hasty as calls to sue over Johor casino article mount

Charlotte shooting: Four officers shot dead, four wounded, in North Carolina home siege

Watch: China attacks Filipino ship with our reporter on board – here’s what happened next

Cash is king — for now: China signals it will slow transition to cashless society